What are five functional Areas of Property Management? - ProProfs Discuss
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What are five functional Areas of Property Management?

Asked by Jfullerca, Last updated: May 16, 2022

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3 Answers

Simranjit Singh

Simranjit Singh

Simranjit Singh
Simranjit Singh, Digital Marketer

Answered Sep 23, 2020

These are some the functions that a PROPERTY MANAGEMENT COMPANY IN INDIA in which I was working in performed:

  1. Rent Collection & Deposition
  2. Tenancy Management
  3. Handling Legal Lawsuits
  4. Property Keys Management Services
  5. Repairs and Maintenance
  6. Posession Takeover Assistance
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Danny R. Glover

Danny R. Glover

Danny R. Glover
Danny R. Glover, Editor, New York City

Answered Oct 22, 2018

A property manager is a third party hired by a landlord or property investor to manage the day to day operations at a rental property, and their exact responsibilities will change based on the property they are managing, the amount they are getting paid, and the terms of the management contract.

Procurement, or purchasing, plays an essential role in all businesses. An audit revision that the procurement process to reduce fraud and offer suggestions for improvement. The purchasing department is accountable for securing all the resources needed by the company.

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jfullerca

jfullerca

jfullerca
Jfullerca

Answered Oct 06, 2017

Storage, Utilization, Disposition, Acquisition, and Contract Closeout
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